How Zimbabwe is Leading Africa into a Gold-Backed Currency Reset
How Zimbabwe is Leading Africa into a Gold-Backed Currency Reset
On July 26, 2024 By Awake-In-3D
Zimbabwe’s now-official ZWG (aka the ZiG) currency is setting a new standard for stability and exchange rate value.
As African nations increasingly turn to gold to hedge against economic instability, Zimbabwe is leading the continent into a gold-backed currency future.
How Zimbabwe is Leading Africa into a Gold-Backed Currency Reset
On July 26, 2024 By Awake-In-3D
Zimbabwe’s now-official ZWG (aka the ZiG) currency is setting a new standard for stability and exchange rate value.
As African nations increasingly turn to gold to hedge against economic instability, Zimbabwe is leading the continent into a gold-backed currency future.
The Reserve Bank of Zimbabwe (RBZ) recently announced the certification of the Zimbabwe Gold (ZiG) with an international currency code (ZWG) by the World Bank, giving it a distinct identity among other nations’ official currencies.
The ZiG is a revolutionary currency backed by precious metals, mainly gold, and foreign currency with a cumulative value of about US$300 million.
ONE ZiG (ZWG) IS WORTH $13.44 USD TODAY!
Currently, there are ZiG1, ZiG2, ZiG5, ZiG10, and ZiG20 notes in circulation, with plans to introduce ZiG50, ZiG100, and ZiG200 notes in the near future. Minor units of the ZiG are known as cents, reflecting a familiar structure for ease of transactions.
Since its introduction at a rate of ZiG13.66 to the US dollar, the currency has shown remarkable stability, currently trading at ZiG13.44. There are about US$80 million worth of ZiG in circulation.
This stability is a stark contrast to the volatility that plagued previous iterations of the Zimbabwean dollar for the past several decades.
In This Article
Zimbabwe’s Gold-Backed Currency Initiative
Other African Nations Following Suit
Economic Implications for the Continent
The IMF’s Positive Perspective on Gold-Backed Currencies
Zimbabwe has emerged as a pioneer in a significant shift towards gold-backed currencies across the African continent.
As economic instability and currency depreciation arise, African nations increasingly look to gold to safeguard their financial futures.
Zimbabwe’s Gold-Backed Currency Initiative
Zimbabwe’s introduction of the Zimbabwe Gold (ZiG) currency marks a groundbreaking move in Africa’s economic landscape.
The new currency, backed primarily by gold and other forex reserves, replaces the beleaguered Zimbabwean dollar. Since its launch in April, the ZiG has aimed to stabilize the nation’s economy and restore confidence in its financial system.
David Mnangagwa, Zimbabwe’s Deputy Minister of Finance, Economic Development, and Investment Promotion, emphasized the importance of controlled money supply to maintain the currency’s value. This approach addresses past issues of hyperinflation and rapid devaluation.
ALSO READ: Zimbabwe’s New Gold-Backed ZiG Currency: A Record Financial Turnaround
The government’s strategy to “drip-feed” the ZWG into the market is designed to preserve the currency’s value, ensuring long-term stability and economic growth.
The International Monetary Fund (IMF) has also recognized the positive strides made by Zimbabwe. According to an IMF review, Zimbabwe’s economy is showing resilience, with growth expected to recover strongly in 2025.
The introduction of the ZiG has played a pivotal role in ending a period of macroeconomic instability, and the IMF commends Zimbabwe’s improved monetary policy discipline and efforts to stabilize the new currency.
Other African Nations Following Suit
Inspired by Zimbabwe’s initiative, several African countries are taking similar steps to secure their economic stability through gold-backed currencies.
Nigeria, Uganda, Tanzania, and Madagascar have all announced plans to bolster their gold reserves and, in some cases, back their currencies with gold.
Nigeria’s central bank has initiated a domestic gold-buying program and plans to repatriate its existing gold reserves. This move aims to mitigate risks associated with the weakening U.S. economy and the volatility of the U.S. dollar.
Similarly, Uganda and Tanzania have launched gold acquisition strategies to strengthen their financial reserves and reduce dependency on foreign currencies.
Tanzania announced a significant investment of $400 million to purchase six tons of gold, reflecting a strong commitment to securing its economic future.
ALSO READ: The Gold-backed Zimbabwe ZiG and Our RV/GCR – What You Need to Know
Uganda’s central bank introduced a domestic gold-buying program to purchase gold directly from local artisanal miners, aiming to address risks in the international financial markets.
Economic Implications for the African Continent
The shift towards gold-backed currencies represents a significant financial development for African economies.
By leveraging gold, countries aim to protect themselves against geopolitical risks and currency depreciation. This strategy also addresses the concerns over America’s economic policies and the potential weaponization of the U.S. dollar.
Analysts highlight that adding gold to national reserves allows countries to grow their reserve assets without sacrificing other hard-currency reserves. This approach is particularly pertinent for nations facing economic sanctions or anticipating a decline in the U.S. dollar’s value.
The strategic accumulation of gold reserves can bolster economic resilience and foster long-term stability across the continent.
The IMF’s Positive Perspective on Gold-Backed Currencies
The global financial community is closely monitoring Africa’s transition to gold-backed currencies.
Experts from institutions like the IMF recognize the potential benefits but also caution about the challenges. Sustained economic stability and disciplined monetary policies are crucial for the success of these initiatives.
The IMF’s positive assessment of Zimbabwe’s economic policies is a testament to the potential success of gold-backed currencies. The institution’s recommendations for further refinements to the policy framework highlight the importance of continuous improvement and adaptation. Zimbabwe’s pioneering move sets a precedent, encouraging other African nations to consider similar measures.
ALSO READ: Zimbabwe to Establish New Gold-Backed Currency Exchange Rate Value
The Bottom Line
Zimbabwe’s bold step towards a gold-backed currency is reshaping the financial landscape in Africa.
As more nations follow suit, the continent is positioning itself to mitigate economic risks and enhance financial stability. This trend underscores a broader move towards leveraging gold as a safeguard against global economic uncertainties, potentially setting a new standard for currency stability in the 21st century.
With the positive momentum from IMF reviews and the collective efforts of African nations, the future looks promising for a continent embracing economic resilience through gold.
Contributing Articles:
© GCR Real-Time News
Visit the GCR Real-Time News website and search 100’s of articles here: Ai3D.blog
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https://ai3d.blog/how-zimbabwe-is-leading-africa-into-a-gold-backed-currency-reset/
The BRICS UNIT: The Catalyst for a Revolutionary Global Currency Reset
The BRICS UNIT: The Catalyst for a Revolutionary Global Currency Reset
On July 25, 2024 By Awake-In-3D
WHY, HOW and WHEN the BRICS UNIT leads us to a groundbreaking gold-backed currency reset worldwide.
The new BRICS UNIT is getting a lot of attention these days. Over my 14+ years of being involved in the Global Currency Reset (GCR), the subject has never been more front and center on the world stage than today.
The BRICS UNIT: The Catalyst for a Revolutionary Global Currency Reset
On July 25, 2024 By Awake-In-3D
WHY, HOW and WHEN the BRICS UNIT leads us to a groundbreaking gold-backed currency reset worldwide.
The new BRICS UNIT is getting a lot of attention these days. Over my 14+ years of being involved in the Global Currency Reset (GCR), the subject has never been more front and center on the world stage than today.
In This Article
Understanding the UNIT Currency Initiative
Timeline of the BRICS Summit
Composition and Backing of the UNIT Currency
Benefits for Precious Metals Miners
Keep Watching
Visitors enjoy awesome spectacle of Rome's Colosseum at night00:00/01:01
I have been reporting extensively about the new BRICS Gold-backed Financial System, and for good reason. I now believe that the UNIT System is the definitive model for the GCR and the subsequent revaluation (RV) of global currencies.
I am committed to continuing my in-depth reporting and analysis of the BRICS UNIT System here at GCR Real-Time News. This platform will remain the most comprehensive source of real-world, fact-based RV/GCR news and opinion for my readers worldwide.
While the BRICS UNIT System may not be the final iteration or event of the RV/GCR, it is undoubtedly the catalyst that will offer a completely new currency and cross-border payment/settlement system alternative to the global fiat currency debt system.
It is a model that will initiate the eventual global adoption of gold and real assets to back sovereign currencies.
What makes the BRICS UNIT System so compelling is its openness. It is not a closed, inclusive financial system designed only for BRICS Member Nations. It is open to any country, whether a BRICS Alliance Member or not.
It will even work with nations that remain on a pure fiat currency system. This ability to create exchange rate pairs between UNIT and Fiat based currencies is where our RV Currency Exchange opportunities will be realized.
It is expected that the Western G-7 Alliance will resist transitioning to a gold and real asset-based currency system until the last days before the global, US dollar-dominated fiat financial debt system completely implodes and freezes into its inevitable death.
This article is the first of a comprehensive four-part series on the BRICS Gold-backed UNIT Currency System.
Here in Part 1, I will explain the basic foundation and composition of the BRICS Gold-backed UNIT Currency so that you may gain a fundamental understanding of this revolutionary alternative financial system that will change the face of the global monetary system forever.
The UNIT is a significant catalyst for a global currency revaluation (RV), offering a transparent alternative to the fiat currency debt system.
The UNIT system, open to all nations, aims to back sovereign currencies with gold and real assets.
The upcoming BRICS Summit will be pivotal in its adoption, marking a significant shift towards a stable, efficient global monetary framework.
BRICS UNIT Currency Initiative
The BRICS nations are working to enhance economic cooperation by promoting local currencies in international trade.
A key proposal is the UNIT, a gold-backed digital asset operating on a blockchain platform. This initiative aims to provide a stable and reliable medium of exchange, leveraging gold’s intrinsic value and blockchain technology’s efficiency.
BRICS Summit Timeline
A critical decision regarding the UNIT currency will be made at the upcoming BRICS Summit, scheduled for October 22 to 24, 2024, in Kazan, Russia.
The summit will bring together BRICS leaders to discuss the strategic direction and operational aspects of the UNIT, potentially setting the stage for its adoption.
Composition and Backing of the BRICS UNIT
The UNIT currency will be uniquely structured to ensure stability and value. Each UNIT will be backed by a reserve basket composed of 40% gold, with the remaining 60% consisting of participating BRICS currencies, all convertible into gold.
No single currency will have a weight greater than 30% in gold terms, ensuring a balanced and diversified reserve. This structure aims to mitigate risks and enhance confidence in the UNIT currency.
LISTEN TO THE “ENDGAME GCR” PODCAST: Gold-Backed Currency Exchange Rates Revealed
Potential Winners from BRICS UNIT Gold Demand
The adoption of the UNIT currency is anticipated to have significant economic implications, particularly benefiting precious metals miners.
Companies listed on the Australian and Canadian stock exchanges, major players in the global precious metals mining industry, stand to gain from the increased demand for gold that the UNIT currency would generate.
UNIT Ecosystem Design
The UNIT currency will be created through a blockchain-based node system.
Participants will mint UNITs by depositing corresponding values of gold and BRICS currencies at these nodes. The ecosystem will rely on decentralized blockchain-based synchronization for integrity, ensuring transparent and secure transactions.
The UNIT is not intended to replace local currencies in domestic transactions but will function alongside them, providing an additional medium for international trade and financial operations.
Transaction Costs
One key advantage of the UNIT currency system is its potential to reduce transaction costs.
Processing fees for transactions on the UNIT blockchain are expected to be lower than those associated with traditional payment systems, such as bank wires.
This cost-efficiency could make the UNIT an attractive option for businesses and financial institutions engaged in cross-border transactions.
Governance and Rules
The UNIT ecosystem’s governance will be structured around a Decentralized Autonomous Organization (DAO), supported by a legally recognized international intergovernmental organization (IIO).
Decisions within the IIO will be made through super-majority votes by nodes, ensuring a democratic and transparent governance process.
Currency Eligibility for UNIT
To be eligible for inclusion in the reserve basket backing the UNIT, a currency must have price discovery in gold terms.
This requirement ensures the value of the currencies in the reserve is transparent and reliable. Notably, UNITs will not be redeemable for the underlying reserves directly.
Redemption will only be possible through a buyout procedure conducted by a node, maintaining the reserve system’s stability and integrity.
The Bottom Line
The proposed UNIT currency represents a significant innovation in international finance, combining gold’s stability with blockchain technology’s efficiency. The upcoming BRICS Summit will be a pivotal moment in determining this initiative’s future, with the potential to reshape global trade and financial transactions.
This four-part series will continue to explore the intricacies and implications of the BRICS gold-backed UNIT currency system, offering a comprehensive understanding of this groundbreaking development in global finance.
The BRICS UNIT system is not a closed financial system but is open to any country, including those outside the BRICS alliance and those operating on a fiat currency system.
This inclusivity could lead to opportunities for RV currency exchanges. The Western G-7 Alliance might resist transitioning to a gold and real asset-backed currency system until it becomes unavoidable.
However, the BRICS UNIT system is poised to be a catalyst, initiating the global adoption of gold and real assets to back sovereign currencies.
Supporting article: https://m.canadianinsider.com/blog/will-brics-countries-come-together-one-unit-why-gold-and-gold-miners-may-win-multi-nodal-world#
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Visit the GCR Real-Time News website and search 100’s of articles here: Ai3D.blog
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https://ai3d.blog/the-brics-unit-the-catalyst-for-a-revolutionary-global-currency-reset/
The Difference Between Currencies and Bonds in the GCR
The Difference Between Currencies and Bonds in the GCR
On July 24, 2024 By Awake-In-3D
A straightforward explanation of how gold-backed currencies and bonds differ and how they will be transacted in the Global Currency Reset (GCR)
In This Article
General Definitions and Functions of Currencies and Bonds
Key Differences Between Bearer Bonds and Registered Bonds
How Transactions Will Work in the GCR
The Difference Between Currencies and Bonds in the GCR
On July 24, 2024 By Awake-In-3D
In RV/GCR
A straightforward explanation of how gold-backed currencies and bonds differ and how they will be transacted in the Global Currency Reset (GCR)
In This Article
General Definitions and Functions of Currencies and Bonds
Key Differences Between Bearer Bonds and Registered Bonds
How Transactions Will Work in the GCR
The Global Currency Reset (GCR) represents a significant shift. This reset involves the revaluation of currencies and bonds backed by gold. Understanding the distinctions between gold-backed currencies and bonds, particularly in the context of the GCR can be helpful in the broader landscape of things.
This article aims to provide a clear and simple explanation of these differences, including the unique characteristics of Bearer Bonds and Registered Bonds, and how transactions will be handled.
General Definitions and Functions of Currencies and Bonds
Currencies are are considered legal tender issued by a country’s central bank or government, with their value tied to a specific weight of gold.
These currencies act as a medium of exchange, facilitating everyday transactions.
Bonds are financial instruments representing a loan made by a person or entity to a borrower, which can be a government, municipality, or entity.
Bonds are used to raise capital and provide periodic interest payments to bondholders. Unlike currencies, bonds return the principal amount at maturity.
Key Differences Between Bearer Bonds and Registered Bonds
To the best of my knowledge, all GCR bonds are Perpetual Bearer Bonds, which have distinct characteristics compared to Registered Bonds:
Bearer Bonds: Bearer Bonds are unregistered, meaning ownership is transferred by simply delivering the physical bond certificate. They offer anonymity to the bondholder but carry a higher risk of theft or loss since possession equates to ownership. Perpetual bonds do not have specified maturity dates.
However, to the best of my knowledge, all GCR bonds do require adequate provenance (history of ownership) that show that the bonds were not implicated in any criminal activity.
Registered Bonds: Registered Bonds are recorded in the name of the bondholder. Ownership is transferred through a formal registration process. They provide greater security against theft or loss but do not offer the same level of anonymity.
Key Differences Between Gold-backed Currencies and Bonds
While both currencies and bonds will be linked to various weights of gold in the GCR, their purposes, issuers, and returns, differ significantly:
Purpose: Currencies are used for everyday transactions, whereas bonds are investment vehicles that appreciate over time.
Issuer: Currencies are issued by governments or central banks. Bonds can be issued by governments, municipalities, and other entities.
Return: Currencies do not provide a return in the form of interest unless held in interest-bearing accounts. Bonds, however, generally provide interest income over time.
How Transactions Will Work in the GCR
In the GCR, gold-backed currencies will be exchanged similarly to traditional currencies, only there will likely be a digital (blockchain) component and/or process involved. [More on the decentralized ledger and payment system in future articles.]
Conversely, bonds will be redeemed rather than exchanged. This means bondholders will receive appreciated rates and the principal amount at maturity, rather than using bonds for everyday transactions.
ALSO READ: Trading Platforms for RV/GCR Bonds and Currencies Explained
In the case of ZIM perpetual bonds, the principle value will come from its gold-backed component along with accrued, underlying interest appreciation. No one really knows what that appreciation factor is.
Since most GCR bonds are Perpetual Bearer Bonds, the transaction process involves the physical delivery of the notes to transfer ownership at the time of transaction.
DISCLAIMER: This article is for educational and entertainment purposes only and does not constitute financial advice. I am not a certified financial or investment advisor. Always seek professional guidance before making financial decisions.
© GCR Real-Time News
Visit the GCR Real-Time News website and search 100’s of articles here: Ai3D.blog
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https://ai3d.blog/the-difference-between-currencies-and-bonds-in-the-gcr/
Exchange Rate PARITY: New Gold-Backed Currency RV Values Explained
Exchange Rate PARITY: New Gold-Backed Currency RV Values Explained
On July 23, 2024 By Awake-In-3D
A written summary and follow up of the new BRICS Gold-Backed UNIT currency system and exchange rate pair valuations
This is a written summary of the Endgame GCR Episode 2 Podcast with Marie G. and Awake-In-3D.
Episode 2 focuses on the BRICS currency model, particularly the gold-backed UNIT system. The discussion aims to go deeper into this model, as previously discussed in Episode 1.
Exchange Rate PARITY: New Gold-Backed Currency RV Values Explained
On July 23, 2024 By Awake-In-3D
A written summary and follow up of the new BRICS Gold-Backed UNIT currency system and exchange rate pair valuations
This is a written summary of the Endgame GCR Episode 2 Podcast with Marie G. and Awake-In-3D.
Episode 2 focuses on the BRICS currency model, particularly the gold-backed UNIT system. The discussion aims to go deeper into this model, as previously discussed in Episode 1.
Episode 2 of the podcast centers on the idea of exchanging or redeeming GCR currencies and bonds for a higher exchange rate within the new gold-backed system. This system, referred to as the BRICS UNT or UNIT currency system, is designed to operate using gold backing.
Several assumptions are made for calculating currency rates within this system. These include using the price of gold per gram and considering the gold holdings of each BRICS country.
Variables such as the amount of gold each country possesses are factored in, despite some uncertainties. For instance, China’s gold purchases have continued in private channels despite official reports of cessation.
The UNT formula is composed of 40% gold and 60% currency basket. There are assumptions regarding the number and composition of the currencies in this basket. The global currency reset (GCR) aims to be gold-backed, seeking to achieve increased transparency and valuation based on each participating nation’s gold holdings.
The composition of the currency basket was also based on limited information from the UNT currency system white paper. Additionally, assumptions were made about the capabilities of digital platforms for exchanging UNT-based currencies.
The results from the calculations were impressive, even with the assumptions. The numbers and formulations were derived from the available data from BRICS and Russian government sources, resulting in fascinating insights.
In this segment, the discussion highlights the current members of the BRICS Plus alliance, which now includes ten countries: China, Russia, Brazil, India, South Africa, Saudi Arabia, the UAE, Iran, Egypt, and Ethiopia. Argentina, initially invited, rescinded its invitation.
Additionally, Iraq and Vietnam were mentioned but not included in the main analysis. Further detail on the IQD and VND exchange rates against a pure fiat currency (such as the USD, EUR, etc.) will be presented in a future episode of the Endgame GCR Podcast.
We present the latest gold reserves per country based on data from the International Gold Council and other sources. They acknowledge that China and Russia likely possess more gold than officially reported, as they are the largest gold producers globally.
For calculations, gold reserves are converted into grams. For instance, China has 2.262 billion grams of gold in reserves. The gold price per gram is also provided, with one gram of gold priced at 561 yuan in China and 6,765 rubles in Russia.
A critical aspect discussed is the weighted average of each country’s share of gold. The total gold reserves for the BRICS countries amount to approximately 7.5 billion grams. Due to lack of data, Ethiopia’s gold reserves are not included.
China contributes 30% to the total gold reserves, while Russia contributes 31%, making them the largest contributors as seen in the chart below.
We then explain the formula for calculating the new gold-backed currency value, or purchasing power, based on the UNT system. The formula involves a 40% gold component and a 60% currency component.
Using China as an example, with a 30% share of the total gold reserves and the gold price of 561 yuan per gram, the calculation proceeds as follows:
Calculate 40% of the gold component: 40% of 561 equals 224.4.
Multiply the 30% share by the gold price: 30% of 561 equals 168.3.
Take 40% of this value: 40% of 168.3 equals 67.32.
For the currency component, calculate 60% of the gold price:
60% of 561 equals 336.6.
Adding these components gives the value of one UNT in yuan:
67.32 plus 336.6 equals 403.92, approximately 404 yuan per UNT.
Additionally, this translates to the gold value, where one UNT-based Yuan equals the equivalent value of 0.72 grams of gold.
These calculations are applied to other BRICS countries, providing a comparative understanding of how the UNT system will function. This detailed explanation aims to ensure transparency and accuracy, utilizing tangible data to the best of the our abilities.
In the final part of the discussion, we address the practical implications of the new gold-backed UNT system for international trade among BRICS Plus countries. They focus on how these countries will engage in trade without relying on fiat currencies or converting into U.S. dollars.
The BRICS Plus alliance includes China, Russia, Brazil, India, South Africa, Saudi Arabia, the UAE, Iran, Egypt, and Ethiopia. As these countries transition to the gold-backed UNT system, they will no longer use fiat currencies for transactions.
For example, if China buys oil from Russia, they will use the UNT system rather than converting currencies to U.S. dollars.
The new currency exchange rates under the UNT system are explained using specific examples. One UNT equals 404 yuan, and one UNT equals 4,900 rubles.
This establishes a new currency pairing system for trade. The exchange rate between the yuan and ruble under the gold-backed system indicates that one gold-backed yuan is slightly less than one gold-backed ruble because Russia’s gold holdings are slightly larger than China’s.
The chart shows various currency pairings, highlighting near-parity among them. For instance, the ruble to yuan exchange rate is 1.005, while the yuan to Indian rupee exchange rate is 1.19.
This near-parity across all participating currencies is significant, as it means that countries can trade almost one-to-one using the UNT system, which contrasts sharply with current disparities in fiat currency values.
A striking comparison is made between the IQD (Iraqi dinar) and the yuan. Currently, the IQD is valued at 1,310 to one U.S. dollar, and the yuan at 7.2 to one U.S. dollar.
Under the UNT system, these currencies achieve near-parity, with the IQD and yuan exchange rate around 0.84 to 1.16. This parity provides a more balanced and equitable cross-border trading environment.
The discussion also touches on the potential implications for global trade if BRICS countries engage with fiat currency-based economies like the U.S. or Europe.
The cost of using U.S. dollars for trade would be significantly higher compared to using the UNT system. This highlights the competitive advantage and cost-effectiveness of the gold-backed system for international transactions.
We emphasize that the UNT system will create purchasing power parity (PPP) between countries, leading to a more level playing field. This system could potentially reduce the wage disparity between workers in different countries by establishing more equal currency values.
In the conclusion of this podcast episode, we reflect on the broader implications of the UNT system for global finance. We discuss the potential for increased purchasing power and liquidity within the system, driven by the inherent arbitrage opportunities.
The transition to a decentralized, blockchain-based financial system is anticipated to enhance the efficiency and fairness of international trade, aligning with the goals of the global currency reset (GCR).
The podcast underscores the profoundly transformative potential of the gold-backed UNT system, highlighting its ability to establish a more equitable and balanced global economic landscape.
Read the official BRICS UNIT (UNT) Q&A here:
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© GCR Real-Time News
Visit the GCR Real-Time News website and search 100’s of articles here: Ai3D.blog
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The Rise of the Shanghai Cooperation Organization: A New Geopolitical and Military Force
The Rise of the Shanghai Cooperation Organization: A New Geopolitical and Military Force
On July 20, 2024 By Awake-In-3D
The SCO is reshaping global geopolitics and will independently protect the new GOLD-BACKED Currency and Financial System
In This Article:
Introduction to the SCO’s growing influence
The recent SCO summit in Astana and Western media’s oversight
BRICS’ new financial system and the SCO’s role in securing it
The future of Eurasian alliances and the concept of Rimland
The Rise of the Shanghai Cooperation Organization: A New Geopolitical and Military Force
On July 20, 2024 By Awake-In-3D
The SCO is reshaping global geopolitics and will independently protect the new GOLD-BACKED Currency and Financial System
In This Article:
Introduction to the SCO’s growing influence
The recent SCO summit in Astana and Western media’s oversight
BRICS’ new financial system and the SCO’s role in securing it
The future of Eurasian alliances and the concept of Rimland
The geopolitical landscape is undergoing a significant transformation with the rise of the Shanghai Cooperation Organization (SCO).
Formed initially to combat terrorism and extremism, the SCO has evolved into a formidable economic and geopolitical entity. Its growing influence, alongside BRICS+, signals a shift that Western alliances like NATO and the G7 must acknowledge and adapt to.
Understanding the Shanghai Cooperation Organization Transformation
The Shanghai Cooperation Organization was established just months before the events of 9/11.
Initially known as the Shanghai Five, it included Russia, China, and three Central Asian states. Its primary focus was anti-terrorism, anti-separatism, and anti-extremism. Over the years, the SCO has expanded its scope, now including major Eurasian nations such as India, Pakistan, and Iran, making it a significant player on the global stage.
The recent SCO summit in Astana, Kazakhstan, highlighted this transformation. Despite the event’s importance, Western media largely overlooked it.
This lack of coverage reflects a broader misunderstanding of the SCO’s growing geopolitical influence. The summit underscored the SCO’s role as a key node in a multipolar world, interconnected with various global players.
BRICS’ New Financial System and the SCO’s Role
One of the most significant developments in global finance is BRICS’ move towards a new financial system based on gold-backed currencies.
This initiative aims to create an alternative to the Western-controlled economic mechanisms, providing stability and reducing dependence on the US dollar. However, establishing such a system requires robust geopolitical and military support to ensure its security and legality.
Enter the SCO. With its expanding membership and strategic influence, the SCO is poised to play a crucial role in protecting the integrity of BRICS’ new financial system. The collaboration between these two organizations could ensure the enforcement of economic agreements, protect member states from external threats, and maintain the stability of the new financial system.
The presence of powerful nations like Russia, China, India, and Iran within the SCO enhances its capability to support BRICS in this endeavor.
Potential Impacts on NATO and U.S. Geopolitical Strategies
The strategic significance of Europe and the Mediterranean remains crucial. However, the rise of the SCO and BRICS+ poses a challenge to Western dominance.
If the U.S. and NATO do not recognize and adapt to these shifting alliances, they risk losing influence over Eurasia and the Rimland.
The Rimland, a geopolitical concept introduced by American political scientist Nicholas Spykman, refers to the coastal fringes of Eurasia. This region is strategically vital, serving as a buffer zone between the central Heartland of Eurasia and the world’s oceans.
Controlling the Rimland is essential for global dominance, providing access to crucial maritime routes and Eurasia’s vast resources and markets.
The Future of Eurasian Alliances
The potential unification of the SCO and BRICS+ into a more strategic and possibly military organization could further diminish Western hegemony.
The increasing cooperation among these entities suggests a move towards a unified Eurasian geopolitical landscape. Such a development could redefine global power dynamics, with significant implications for the West.
The SCO’s evolution from an anti-terrorism organization to a geopolitical force underscores the importance of understanding and engaging with emerging multipolar structures. As the SCO and BRICS+ continue to grow, their influence will shape the future of global geopolitics, challenging traditional Western dominance.
The Bottom Line
The Shanghai Cooperation Organization is rapidly becoming a geopolitical force to be reckoned with.
Its growing influence, alongside BRICS+, highlights the need for the U.S. and NATO to recognize and adapt to the shifting global landscape. The recent SCO summit in Astana underscores the organization’s strategic importance in reshaping global geopolitics.
As Eurasian alliances strengthen, the concept of Rimland and its strategic significance will play a crucial role in determining the future of global power dynamics. With BRICS forming a new financial system based on gold-backed currencies, the SCO’s role in securing this system becomes paramount.
The potential unification of the SCO and BRICS+ poses a significant challenge to Western hegemony, signaling the rise of a new, multipolar world order.
Supporting Article: https://strategic-culture.su/news/2024/07/18/the-sco-can-change-the-rules-of-rimland/
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© GCR Real-Time News
Visit the GCR Real-Time News website and search 100’s of articles here: Ai3D.blog
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Awake-In-3D: New Podcast: Gold-Backed Currency Exchange Rates Revealed
New Podcast: Gold-Backed Currency Exchange Rates Revealed
On July 21, 2024 By Awake-In-3D
In Podcasts
In this unique episode of the Endgame GCR Podcast, Marie G and I break down the details of the new gold-backed financial and currency system soon to be unleashed on the world.
We also discover a very exciting result that fulfills one of the primary goals of the RV/GCR.
New Podcast: Gold-Backed Currency Exchange Rates Revealed
On July 21, 2024 By Awake-In-3D
In Podcasts
In this unique episode of the Endgame GCR Podcast, Marie G and I break down the details of the new gold-backed financial and currency system soon to be unleashed on the world.
We also discover a very exciting result that fulfills one of the primary goals of the RV/GCR.
https://ai3d.blog/new-podcast-gold-backed-currency-exchange-rates-revealed/
Gold Standard Returns: Iraq and Neighbors Prepare to Abandon The Dollar Fiat Currency System
Gold Standard Returns: Iraq and Neighbors Prepare to Abandon The Dollar Fiat Currency System
On July 17, 2024 By Awake-In-3D
The secret plans of Iraq and neighboring countries to fortify their economies with gold reserves and join the New BRICS gold/oil backed currency system.
Iraq and its neighboring Middle Eastern nations are accelerating their gold accumulation at an unprecedented pace. This strategic move signals a clear intent to shield their economies from the potential collapse of the dollar-dominated fiat currency system.
Moreover, the Middle East is strengthening its ties with the BRICS Alliance, distancing itself from the G-7 Western bloc. This alignment suggests that countries like Iraq are preparing to actively engage in a new BRICS gold-backed financial system and the UNT gold and oil-backed currency unit for international trade.
Gold Standard Returns: Iraq and Neighbors Prepare to Abandon The Dollar Fiat Currency System
On July 17, 2024 By Awake-In-3D
The secret plans of Iraq and neighboring countries to fortify their economies with gold reserves and join the New BRICS gold/oil backed currency system.
Iraq and its neighboring Middle Eastern nations are accelerating their gold accumulation at an unprecedented pace. This strategic move signals a clear intent to shield their economies from the potential collapse of the dollar-dominated fiat currency system.
Moreover, the Middle East is strengthening its ties with the BRICS Alliance, distancing itself from the G-7 Western bloc. This alignment suggests that countries like Iraq are preparing to actively engage in a new BRICS gold-backed financial system and the UNT gold and oil-backed currency unit for international trade.
Such developments would lead to a significant revaluation (RV) of their currencies against dominant global fiat currencies like the US Dollar and Euro, signalling the beginning of the Global Currency Reset (GCR).
In This Article
Iraq’s Significant Increase in Gold Reserves
Middle Eastern Nations’ Collective Gold Holdings
Strategic Alliances with BRICS Over G-7
Implications for Global Currency Exchange Rates
Iraq and its neighboring Middle Eastern nations are rapidly accumulating gold reserves, positioning themselves strategically against the backdrop of a collapsing global fiat currency system.
This trend highlights a shift towards bolstering financial security through tangible assets, diverging from a reliance on dollar-dominated fiat currencies.
Iraq’s Significant Increase in Gold Reserves
Iraq has significantly increased its gold reserves, reaching 142.58 tonnes in the first quarter of 2024, up from 138.44 tonnes in the previous quarter.
This marks a historical high for Iraq, reflecting a strategic effort by the Central Bank of Iraq to diversify its foreign assets amid ongoing economic uncertainty.
Historically, Iraq’s gold reserves have averaged 46.32 tonnes from 2000 to 2024, with a record low of zero tonnes in 2000. The Central Bank’s strategy includes purchasing small quantities of gold over multiple transactions, ensuring a steady accumulation aligned with market conditions.
Middle Eastern Nations’ Collective Gold Holdings
The World Gold Council’s latest data for May reveals that five Arab countries, including Iraq, collectively possess over 1,000 tonnes of gold reserves.
Saudi Arabia leads the pack, followed by Lebanon, Algeria, Libya, and Iraq. This significant accumulation underscores the importance of gold as a key investment for central banks in the region amid ongoing geopolitical and economic uncertainties.
The focus on gold reserves by these nations highlights a regional trend of leveraging gold as a hedge against the obvious implosion of fiat currencies and the mathematically unsustainable global debt they create.
Strategic Alliances with BRICS Over G-7
Intriguingly, Middle Eastern countries, including Iraq, are strengthening ties with the BRICS Alliance rather than the G-7 Western Alliance. This alignment suggests a strategic pivot towards a gold-backed financial system being developed by BRICS.
The potential participation of Middle Eastern nations in the new BRICS gold-backed financial system and the UNT gold and oil-backed currency unit for international trade represents a significant shift in global economic alliances.
This move could herald a new era of financial stability and independence for these nations, reducing their vulnerability to the volatility of fiat currencies.
Implications for Global Currency Exchange Rates
The accelerated gold accumulation by Iraq and other Middle Eastern nations sets the stage for a significant currency exchange rate revaluation (RV) against dominant global fiat currencies such as the US Dollar and Euro.
As these nations prepare to participate in a gold-backed financial system, the traditional dominance of fiat currencies could be challenged. This shift could lead to more stable and resilient economies in the Middle East, fostering greater economic security and sovereignty.
The Bottom Line
Iraq and its Middle Eastern neighbors are strategically accumulating gold reserves, positioning themselves for a future less dependent on fiat currencies and more aligned with gold-backed financial systems.
This trend highlights a significant shift in global economic dynamics, with potential implications for currency valuations and international trade. As these nations strengthen their alliances with the BRICS Alliance, the global financial landscape will witness a significant financial system shift, ringing in a new era of economic stability and independence for humanity.
Supporting Articles:
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© GCR Real-Time News
Visit the GCR Real-Time News website and search 100’s of articles here: Ai3D.blog
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Gold is Smashing New Records as Fiat Currency System Dies
Gold is Smashing New Records as Fiat Currency System Dies
On July 16, 2024 By Awake-In-3D
As traditional currencies falter, gold emerges as the new foundation of a global financial reset.
The ongoing instability in the fiat currency financial debt system, marked by increasing debt and economic volatility, is propelling it towards an inevitable implosion and crash.
In this context, the financial world is gradually recognizing the necessity of transitioning to an alternative system, which is expected to be a hybrid gold-backed currency structure. This shift is driven by a combination of factors, including persistent inflation, geopolitical tensions, and diminishing trust in fiat currencies.
Gold is Smashing New Records as Fiat Currency System Dies
On July 16, 2024 By Awake-In-3D
As traditional currencies falter, gold emerges as the new foundation of a global financial reset.
The ongoing instability in the fiat currency financial debt system, marked by increasing debt and economic volatility, is propelling it towards an inevitable implosion and crash.
In this context, the financial world is gradually recognizing the necessity of transitioning to an alternative system, which is expected to be a hybrid gold-backed currency structure. This shift is driven by a combination of factors, including persistent inflation, geopolitical tensions, and diminishing trust in fiat currencies.
As gold’s value reaches historic highs against the US Dollar, it becomes clear that the global economy is pivoting towards a new foundation.
The rise in gold prices signals a broader awakening to the limitations of fiat currencies, positioning gold as the cornerstone of the forthcoming Global Currency Reset (GCR) and Revaluation of Currencies (RV).
This transformation underscores the growing consensus that gold will play a pivotal role in the future monetary system, offering stability and reliability in an increasingly uncertain financial landscape.
In This Article
Overview of Recent Gold Price Surge
Analysis of Factors Driving Gold’s Rise
The Decline of Fiat Currencies
Predictions for Gold in the Global Currency Reset
Gold prices have reached record highs, driven by a combination of economic uncertainty and shifting market dynamics. As traditional fiat currencies face increasing skepticism, gold’s role as a stable financial asset is becoming more prominent.
Recent Surge in Gold Prices
Gold prices soared today, hitting new record highs.
This rise was fueled by growing expectations of U.S. interest rate cuts, which have weakened the dollar and increased gold’s appeal as an investment. The August gold contract on Comex climbed to $2,467.80 an ounce, surpassing previous records.
This trend reflects a broader shift in investor sentiment as traditional financial systems face mounting pressures.
Factors Driving Gold’s Rise
Several factors contribute to the recent surge in gold prices.
Key among these is the anticipated interest rate cuts by the Federal Reserve, which have led to a decline in Treasury yields and the dollar’s value. Lower interest rates diminish the returns on fixed-income assets, making gold, which does not yield interest, more attractive.
Economic data showing weaker performance and declining inflation has further pressured bond yields. As Fawad Razaqzada, a market analyst at City Index, notes, “The weakness in economic data and falling inflationary pressures boost the appeal of low- and zero-yielding assets, thereby keeping the gold outlook positive.”
The Decline of Fiat Currencies
The rising value of gold also highlights a growing disenchantment with fiat currencies.
The current fiat currency financial system, burdened by increasing debt and economic instability, appears to be nearing a critical breaking point.
This sentiment is echoed by Edmund Moy, a senior IRA strategist at U.S. Money Reserve, who points out that political uncertainty and economic underperformance in major economies like China are driving investors toward gold. “Rising gold demand and limited gold supply usually equals higher gold prices,” Moy says, emphasizing gold’s enduring appeal as a safe-haven asset.
Predictions for Gold in the Global Currency Reset
Looking ahead, the potential for a Global Currency Reset (GCR) and the Revaluation of Currencies (RV) positions gold at the center of a new financial paradigm.
As fiat currencies falter, a hybrid gold-backed currency system is emerging as a viable alternative. Ryan McIntyre of Sprott predicts a new wave of demand for gold from financial advisers and institutions, driven by increasing instability in traditional financial and monetary markets.
This optimistic outlook is based on the expectation of eventual interest rate cuts, geopolitical instability, and continued demand from central banks.
The Bottom Line
Gold’s unprecedented rise underscores a pivotal moment in the global financial landscape.
As fiat currencies show signs of distress, gold is being recognized as a stable and reliable asset. This shift is not just a temporary trend but signals a potential transformation towards a gold-backed currency system.
Investors and financial institutions are increasingly turning to gold, anticipating its critical role in the forthcoming Global Currency Reset and Revaluation of Currencies.
Contributing Articles:
https://www.marketwatch.com/story/why-gold-prices-look-to-smash-more-records-9eba107f
https://www.cbsnews.com/news/how-high-will-the-price-of-gold-go-heres-what-some-experts-think/
https://www.cbsnews.com/news/gold-prices-have-hit-a-new-record-high-5-moves-to-make-now/
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© GCR Real-Time News
Visit the GCR Real-Time News website and search 100’s of articles here: Ai3D.blog
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Follow me on Twitter: @Real_AwakeIn3D
How Iraq’s Recent Economic Growth is Paving the Way for a Stronger IQD
How Iraq’s Recent Economic Growth is Paving the Way for a Stronger IQD
On July 16, 2024 By Awake-In-3D
Iraq’s Financial Transformation Could Mean Big Changes for Its IQD Currency
In This Article
Iraq’s Ranking in the Global Economy
Inflation and Oil Production
The Soft Power Index and Economic Diversification
Implications for the Iraqi Dinar (IQD)
Iraq’s economy is showing promising signs of growth and stability, as evidenced by its recent global and regional rankings. This economic progress could pave the way for a stronger Iraqi Dinar (IQD) and greater financial independence.
How Iraq’s Recent Economic Growth is Paving the Way for a Stronger IQD
On July 16, 2024 By Awake-In-3D
Iraq’s Financial Transformation Could Mean Big Changes for Its IQD Currency
In This Article
Iraq’s Ranking in the Global Economy
Inflation and Oil Production
The Soft Power Index and Economic Diversification
Implications for the Iraqi Dinar (IQD)
Iraq’s economy is showing promising signs of growth and stability, as evidenced by its recent global and regional rankings. This economic progress could pave the way for a stronger Iraqi Dinar (IQD) and greater financial independence.
Iraq’s Ranking in the Global Economy
According to CEOWORLD, Iraq has emerged as the fifth-largest economy among Arab nations and the 52nd largest globally in 2024.
The country’s Gross Domestic Product (GDP) for the year stands at $265.894 million, with projections indicating steady growth reaching $345.074 million by 2029. This upward trajectory places Iraq on a stable path towards economic robustness and a more influential role in the region.
Despite rising inflation concerns worldwide, the United States remains the largest economy with a GDP of $28.78 trillion, followed by China at $18.54 trillion. Germany, Japan, and India also continue to solidify their positions in the top five, each leveraging their unique economic strengths.
Inflation and Oil Production
Iraq’s economy heavily relies on its oil production capabilities, which have seen a significant boost recently.
The North Oil Company (NOC) in Kirkuk governorate reported an increase in production to over 360,000 barrels per day (bpd), with plans to reach 400,000 bpd by year-end. The Iraqi Drilling Company’s efforts to develop and rehabilitate oil wells have contributed to this growth, highlighting the sector’s potential for further expansion.
Oil expert Ali Khalil noted that while the current production represents about 50% of NOC’s potential, there is ample room for increased output. This production capability demonstrates the need for the Ministry of Oil to invest in the public sector and enhance the infrastructure, ultimately boosting revenue for Iraq’s state treasury.
The Soft Power Index and Economic Diversification
Iraq’s improved ranking in the Soft Power Index, climbing from 116th to 99th place globally, reflects its growing influence on international affairs.
The index evaluates a country’s ability to impact global decisions through its reputation, culture, governance, and economic relations. Among Arab nations, Iraq ranks fifth, following the United Arab Emirates, Saudi Arabia, Qatar, and Egypt.
Economic diversification remains crucial for Iraq’s stability. Although oil revenues account for 89% of the federal budget, there has been a notable increase in non-oil revenues, contributing 11% to the total income.
This diversification is vital for reducing the country’s vulnerability to global oil market fluctuations and fostering sustainable economic growth.
Implications for the Iraqi Dinar (IQD)
The steady economic growth and diversification efforts could have significant implications for the value of the Iraqi Dinar (IQD).
With a more stable financial system and increased non-oil revenues, Iraq is poised to enhance the value of its currency. Achieving greater economic independence and reducing reliance on U.S. influence will be key factors in this process.
Financial experts suggest that continued investment in infrastructure, particularly in the oil sector, and strategic economic policies will support the upward trajectory of the IQD.
The recent memorandum of understanding with the European Chambers of Commerce further signifies Iraq’s commitment to fostering international trade and supporting small and medium-sized enterprises.
The Bottom Line
Iraq’s economic progress is a testament to its resilience and strategic planning. As the country continues to enhance its financial system and diversify its economy, the potential for a stronger IQD becomes more tangible.
With continued efforts towards economic independence and stability, Iraq is on the right path to achieving significant fiscal success and a more influential global presence.
Supporting Articles:
https://shafaq.com/en/Economy/Iraq-ranks-fifth-in-Arab-World-52nd-globally-in-largest-economies
https://shafaq.com/en/Economy/Iraq-ascends-in-2024-Soft-Power-Index
https://shafaq.com/en/Economy/Kirkuk-oil-production-surges-to-over-360-000-bpd
https://shafaq.com/en/Economy/Iraq-s-fiscal-challenges-highlight-overreliance-on-oil-revenues
https://shafaq.com/en/Economy/Iraq-signs-MoU-with-European-Chambers-of-Commerce-to-boost-trade
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© GCR Real-Time News
Visit the GCR Real-Time News website and search 100’s of articles here: Ai3D.blog
Join my Telegram Channel to comment and ask questions here: GCR_RealTimeNews
Follow me on Twitter: @Real_AwakeIn3D
Can This Dethrone the US Dollar? What You Need to Know About the New Financial Currency System
Can This Dethrone the US Dollar? What You Need to Know About the New Financial Currency System
On July 15, 2024 By Awake-In-3D
Learn why this new Alternative Financial System is creating a game-changing currency framework focused on gold and oil.
The US Dollar, and the global fiat currency system it maintains, wield immense financial power and control over the world. Few dare to challenge this formidable financial fortress.
That said, the BRICS Alliance is actively building a new, Alternative Financial System right before our eyes.
This innovative system, with its unique focus and sound design, aims to compete with and challenge the 100-year global dominance of the US Dollar and the entire fiat currency system.
Can This Dethrone the US Dollar? What You Need to Know About the New Financial Currency System
On July 15, 2024 By Awake-In-3D
Learn why this new Alternative Financial System is creating a game-changing currency framework focused on gold and oil.
The US Dollar, and the global fiat currency system it maintains, wield immense financial power and control over the world. Few dare to challenge this formidable financial fortress.
That said, the BRICS Alliance is actively building a new, Alternative Financial System right before our eyes.
This innovative system, with its unique focus and sound design, aims to compete with and challenge the 100-year global dominance of the US Dollar and the entire fiat currency system.
The BRICS Alliance is harnessing their collective economic power, emphasizing physical resource-backed currency stability, and reducing dependency on debt. They are aggressively accumulating gold and increasingly settling trades in their local currencies.
This shift redefines the global financial landscape and disrupts the longstanding USD hegemony and the global fiat currency system as a whole.
In This Article
Formidable Strength of the US Dollar-Based System: Analyzes the entrenched power and influence of the USD.
Emergence of the Alternative Global Financial System: Examines the rise of the BRICS alliance and its new financial framework.
Structural Strength and Stability of BRICS: Details the foundational pillars of the BRICS financial system.
Energy as the Financial Backbone: Explores the role of energy resources in the new financial order.
The Formidable Strength of the Current US Dollar-Based Financial System
The US dollar (USD) has long stood as a pillar of global financial power. It is the world’s primary reserve currency, with 80% of global foreign exchange transactions involving the USD.
The dollar’s dominance is supported by several key factors:
Reserve Currency Status: The USD’s role as the primary reserve currency means that central banks around the world hold vast reserves of dollars, underpinning global trade and finance.
Global Financial Systems: The USD dominates global financial systems like SWIFT, Eurodollar markets, and derivative and petrodollar markets. These systems facilitate international trade and investment, reinforcing the dollar’s central role.
Federal Reserve’s Influence: The Federal Reserve, with its exclusive power to print USD, maintains control over global liquidity. This unique position allows the US to manage economic crises and influence global financial markets effectively.
Debt and Print Cycle: The USD’s strength is bolstered by its ability to be printed and lent into existence. This “debt and print” cycle creates a dependency on the dollar for liquidity, entrenching its dominance.
Despite its imperfections, the USD remains today as an insurmountable fortress of financial power and control. Its influence permeates every corner of the global economy, making it difficult to challenge.
Emergence of the Alternative Global Financial System
In a world dominated by the USD, the BRICS alliance is developing an alternative global financial system.
This system, designed to circumvent the limitations and risks of the fiat currency framework, leverages local currencies and gold for trade settlements. The BRICS nations aim to reduce the volatility and dependency associated with fiat currencies, creating a robust financial framework.
Local Currencies and Gold: The BRICS financial system emphasizes trade settlements in local currencies and gold. This reduces the risk of currency fluctuations and dependence on the USD.
Resource-Backed Stability: The BRICS countries are rich in natural resources, particularly energy. By linking their financial system to tangible assets like gold and oil, they provide a more stable and reliable economic foundation.
Reduced Debt Dependency: The alternative system minimizes reliance on debt for liquidity, contrasting with the USD’s “debt and print” cycle. This approach fosters financial discipline and sustainability.
Structural Strength and Stability of BRICS
The strength of the BRICS financial system lies in its emphasis on resource-backed stability and reduced debt dependency. By settling trades in local currencies and gold, the BRICS nations mitigate the risks posed by currency fluctuations and external economic pressures.
This approach fosters financial discipline and long-term sustainability, positioning the BRICS system as a viable competitor to the USD.
Energy as the Financial Backbone
Energy resources, especially oil, play a crucial role in the BRICS financial strategy.
With rising global energy demand, particularly from populous nations like China and India, the preference for settling oil transactions in gold or local currencies is growing. This trend not only undermines the dollar’s dominance in global trade but also enhances the stability and resilience of the BRICS financial system.
Challenges to USD Dominance
Despite the dollar’s entrenched position, several factors indicate that the BRICS alternative global financial system could pose a significant challenge:
Global Distrust in the USD: Actions like the weaponization of the USD against countries like Russia have eroded trust in the dollar as a neutral reserve asset. This distrust fuels the search for alternatives.
Shifts in Trade Practices: An increasing number of countries are conducting trade outside the USD framework. For instance, in 2023, 20% of global oil sales were settled in currencies other than the USD, reflecting a significant shift in trade practices.
Accumulation of Gold: Since the 2008 Global Financial Crisis, many central banks, particularly in BRICS nations, have been accumulating gold, moving away from USD-denominated assets. This trend is bolstered by the Bank of International Settlements’ recent recognition of gold as a tier-one asset.
The Long-Term Vision
The BRICS alliance’s vision extends beyond mere competition with the USD. It aims to create a more balanced and equitable global financial system, reducing the disproportionate influence of any single currency.
By leveraging their collective economic power and resource wealth, the BRICS nations are laying the groundwork for a resilient and self-sufficient financial ecosystem.
The Bottom Line
The US dollar’s long-standing dominance is facing a formidable challenge from the BRICS alliance and its alternative global financial system.
Built on the principles of resource-backed stability, reduced debt dependency, and strategic use of local currencies and gold, the BRICS system represents a significant shift in the global financial landscape.
As the world moves towards a more balanced and equitable financial order, the question remains: will the enduring value of gold and energy resources redefine the future of global finance, potentially at the expense of the USD’s supremacy?
Only time will tell.
Contributing Article: https://vongreyerz.gold/is-the-usd-really-too-big-to-fail
© GCR Real-Time News
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“Endgame GCR” Podcast with Awake-In-3D and Marie G: Episode 1
“Endgame GCR” Podcast with Awake-In-3D and Marie G: Episode 1
On July 13, 2024 By Awake-In-3D
A Complete overview of the systems, components and triggers for the RV/GCR are discussed in detail in this episode of Endgame GCR
The “Endgame GCR” podcast, hosted by Awake In 3D and Marie G, is a series dedicated to exploring topics related to the global currency reset (GCR) and currency revaluation (RV).
The show aims to cover a wide range of subjects, from the infrastructure of the GCR financial system to potential trigger events such as the introduction of a new BRICS common trade currency.
“Endgame GCR” Podcast with Awake-In-3D and Marie G: Episode 1
On July 13, 2024 By Awake-In-3D
A Complete overview of the systems, components and triggers for the RV/GCR are discussed in detail in this episode of Endgame GCR
The “Endgame GCR” podcast, hosted by Awake In 3D and Marie G, is a series dedicated to exploring topics related to the global currency reset (GCR) and currency revaluation (RV).
The show aims to cover a wide range of subjects, from the infrastructure of the GCR financial system to potential trigger events such as the introduction of a new BRICS common trade currency.
The main goal of the “Endgame GCR” podcast is to combine traditional financial insights with modern FinTech developments, helping listeners understand the practical implications of GCR-related changes on their daily lives.
Each episode will focus on specific topics, with the hosts striving to present balanced and practical insights.
Key Points Discussed in this Episode of Endgame GCR
Introduction to the Alternative Financial System: The discussion begins with an explanation of the alternative financial system, emphasizing its gold component and decentralized finance (DeFi) base. This system incorporates blockchain, smart contracts, and transparency.
Role of DeFi and Distinction from CBDC: DeFi allows everyday people and businesses to operate in a free market without central banking constraints, unlike CBDCs controlled by central banks. The global nature of DeFi means it operates beyond jurisdictional limits.
Characteristics and Advantages of the Alternative System: The alternative system operates outside the fiat currency debt system, utilizing advanced technology. Its attractiveness lies in its efficiency, low cost, and ability to perform direct peer-to-peer transactions without intermediaries like banks.
BRICS Alliance and New Financial System: The BRICS Alliance is developing a new financial system, including a common trade currency called the unit (UNT). This system is designed to be open and not controlled by any single country, ensuring fairness and equality in global trade.
Details and Structure of the Unit (UNT): The unit (UNT) is 40% gold-backed and 60% backed by a basket of currencies from participating countries. This structure aims to provide stability and intrinsic value, reducing the risk of currency manipulation.
Impact on the US Dollar and Fiat System: The launch of the UNT and the new financial system will likely lead to a decreased reliance on the US dollar, accelerating its devaluation. The transition will be gradual, with potential bugs to work out, and will pressure the G7 countries to adapt.
Potential Responses from the US and Europe: The US is expected to resist joining the BRICS system, while Europe is more prepared for a transition to a gold-backed system. European countries have significant gold reserves and are better positioned for the shift.
Preparation in Europe: Several European countries have been preparing for a gold-backed currency for years, with strategic reserves relative to their GDP. This readiness contrasts with the US’s slower progress.
Political Challenges in the US: The US faces political gridlock that could delay its adaptation to new financial systems. This inefficiency contrasts with Europe’s more proactive measures.
Conclusion on the GCR and RV Opportunity: Both hosts believe in the GCR and RV opportunities and aim to provide clear, practical insights. They emphasize the necessity of global systems, legal frameworks, and a gradual transition to support these changes.
11. The podcast is designed to provide listeners with deep dives into various aspects of the GCR and RV, offering different perspectives to help form comprehensive and informed opinions.
About the Hosts
Marie G joined the GCR community in 2021. Initially focusing on digital assets and FinTech, she owns and operates a Telegram site called GCR True News, covering financial changes, gold and silver markets, and global banking regulations.
Awake In 3D is the founder and owner of GCR Realtime News on Telegram, X/Twitter, and ai3d.blog. With involvement in GCR-related activities since 2010, Awake In 3D brings a macro perspective shaped by experiencing various financial events and crises over the decades.
Awake In 3D offers a broad view informed by extensive research and knowledge of traditional financial markets, while Marie G provides comprehensive insights from the FinTech and digital asset industry, focusing on their impact on everyday people.
Visit the GCR Real-Time News website and search 100’s of articles here: Ai3D.blog
Join my Telegram Channel to comment and ask questions here: GCR_RealTimeNews
Follow me on Twitter: @Real_AwakeIn3D
https://ai3d.blog/endgame-gcr-podcast-with-awake-in-3d-and-marie-g-episode-1/
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Endgame GCR Podcast: Episode 01
Awake In 3D and Marie G. discuss the systems, components and triggers for a Global Currency Reset (RV/GCR) and the collapse of the current financial system.
https://rumble.com/v56re7p-endgame-gcr-podcast-episode-01.html?mref=3rzr0s&mc=61ib6